New Homes in , IL Under $400k :: 68 Communities Skip main navigation

, IL Homes Under $400K!

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            68 Communities

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            Lansdowne by M/I Homes in Chicago Illinois
            homes in Lansdowne by M/I Homes
            homes in Lansdowne by M/I Homes

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            Lansdowne

            Community by M/I Homes

            23393 W. 127th Street
            Plainfield, IL 60585

            M/I Homes

            630-203-9768

            Meadow Ridge by Pulte Homes in Chicago Illinois
            homes in Meadow Ridge by Pulte Homes
            homes in Meadow Ridge by Pulte Homes

            Meadow Ridge

            Community by Pulte Homes

            593 Watercress Drive
            Aurora, IL 60504

            Pulte Homes Read Reviews

            888-232-8680

            from $311,990 - $323,990

            3 homes match your search

            Colette Highlands by Ryan Homes in Chicago Illinois
            homes in Colette Highlands by Ryan Homes
            homes in Colette Highlands by Ryan Homes

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            Colette Highlands

            Community by Ryan Homes

            10606 Paige Circle
            Orland Park, IL 60462

            Ryan Homes

            888-310-6657

            from $347,990 - $385,465

            6 homes match your search

            Chatham Square by M/I Homes in Chicago Illinois
            homes in Chatham Square by M/I Homes
            homes in Chatham Square by M/I Homes
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            Chatham Square

            Community by M/I Homes

            26316 W Elizabeth Court
            Plainfield, IL 60585

            M/I Homes

            630-405-7828

            from $331,490 - $450,490

            8 homes match your search

            Heritage Groves at Grande Reserve by Ryan Homes in Chicago Illinois
            homes in Heritage Groves at Grande Reserve by Ryan Homes
            homes in Heritage Groves at Grande Reserve by Ryan Homes
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            Heritage Groves at Grande Reserve

            Community by Ryan Homes

            2093 Squire Circle
            Yorkville, IL 60560

            Ryan Homes

            888-501-2716

            from $394,990 - $452,990

            2 homes match your search

            Andare at Talamore by Lennar in Chicago Illinois
            homes in Andare at Talamore by Lennar
            homes in Andare at Talamore by Lennar
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            Andare at Talamore

            Community by Lennar

            11849 Hubbe Court
            Huntley, IL 60142

            Lennar Read Reviews

            224-293-0607

            from $310,990 - $381,356

            9 homes match your search

            The Trails of Pheasant Ridge by Gerstad Builders in Chicago Illinois
            homes in The Trails of Pheasant Ridge by Gerstad Builders
            homes in The Trails of Pheasant Ridge by Gerstad Builders

            The Trails of Pheasant Ridge

            Community by Gerstad Builders

            11211 Thrush Creek Dr
            Richmond, IL 60071

            Gerstad Builders

            888-329-8944

            from $271,990 - $347,990

            10 homes match your search

            Everton by M/I Homes in Chicago Illinois
            homes in Everton by M/I Homes
            homes in Everton by M/I Homes
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            Everton

            Community by M/I Homes

            29W702 Everton Drive
            Warrenville, IL 60555

            M/I Homes

            630-300-1796

            from $274,990 - $402,155

            6 homes match your search

            Aspire at Ashley Pointe by K. Hovnanian® Homes in Chicago Illinois
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            homes in Aspire at Ashley Pointe by K. Hovnanian® Homes

            Aspire at Ashley Pointe

            Community by K. Hovnanian® Homes

            2061 Wren Road
            Yorkville, IL 60560

            K. Hovnanian® Homes Read Reviews

            888-473-8402

            from $313,995 - $382,995

            10 homes match your search

            Hunter's Crossing by M/I Homes in Chicago Illinois
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            homes in Hunter's Crossing by M/I Homes

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            Hunter's Crossing

            Community by M/I Homes

            26015 S Indian Creek Trail
            Channahon, IL 60410

            M/I Homes

            630-243-4714

            from $344,140 - $357,150

            3 homes match your search

            Bloomingdale Walk by Pulte Homes in Chicago Illinois
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            homes in Bloomingdale Walk by Pulte Homes

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            Bloomingdale Walk

            Community by Pulte Homes

            166 Pemberton Way
            Bloomingdale, IL 60108

            Pulte Homes Read Reviews

            888-514-3260

            from $337,990 - $375,990

            3 homes match your search

            Raintree Village by Lennar in Chicago Illinois
            homes in Raintree Village by Lennar
            homes in Raintree Village by Lennar
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            Raintree Village

            Community by Lennar

            2125 Tremont Avenue
            Yorkville, IL 60560

            Lennar Read Reviews

            224-293-4587

            from $316,490 - $362,490

            8 homes match your search

            Northpointe by Pulte Homes in Chicago Illinois
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            Northpointe

            Community by Pulte Homes

            248th Avenue and Prairie Grove Drive
            Plainfield, IL 60585

            Pulte Homes Read Reviews

            877-878-2923

            from $377,990 - $420,990

            3 homes match your search

            Andare at Remington Pointe North by Lennar in Chicago Illinois
            homes in Andare at Remington Pointe North by Lennar
            homes in Andare at Remington Pointe North by Lennar
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            Andare at Remington Pointe North

            Community by Lennar

            1832 Alta Drive
            Volo, IL 60020

            Lennar Read Reviews

            224-293-0458

            from $260,990 - $344,975

            6 homes match your search

            The Square at Goodings Grove by M/I Homes in Chicago Illinois
            homes in The Square at Goodings Grove by M/I Homes
            homes in The Square at Goodings Grove by M/I Homes

            The Square at Goodings Grove

            Community by M/I Homes

            13901 S Belmont Drive
            Homer Glen, IL 60491

            M/I Homes

            630-445-1532

            from $262,990 - $379,020

            7 homes match your search

            Grande Reserve Ranch Homes by Ryan Homes in Chicago Illinois
            homes in Grande Reserve Ranch Homes by Ryan Homes
            homes in Grande Reserve Ranch Homes by Ryan Homes
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            Grande Reserve Ranch Homes

            Community by Ryan Homes

            4476 East Millbrook Circle
            Yorkville, IL 60560

            Ryan Homes

            888-512-7062

            from $277,990 - $330,990

            5 homes match your search

            Highland Woods Ranch Homes by Ryan Homes in Chicago Illinois
            homes in Highland Woods Ranch Homes by Ryan Homes
            homes in Highland Woods Ranch Homes by Ryan Homes
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            Highland Woods Ranch Homes

            Community by Ryan Homes

            802 Bradbury Lane
            Elgin, IL 60124

            Ryan Homes

            888-294-8896

            from $344,490 - $430,490

            4 homes match your search

            Park Pointe - Urban by Lennar in Chicago Illinois
            homes in Park Pointe - Urban by Lennar
            homes in Park Pointe - Urban by Lennar
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            Park Pointe - Urban

            Community by Lennar

            1011 Moraine Drive
            South Elgin, IL 60177

            Lennar Read Reviews

            224-306-1936

            from $295,000 - $321,990

            7 homes match your search

            Sunset Point by Ryan Homes in Chicago Illinois
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            homes in Sunset Point by Ryan Homes
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            Sunset Point

            Community by Ryan Homes

            311 Pheasant Run Rd
            Joliet, IL 60433

            Ryan Homes

            888-310-6293

            from $289,990 - $327,990

            4 homes match your search

            Trails of Woods Creek by Pulte Homes in Chicago Illinois
            homes in Trails of Woods Creek by Pulte Homes
            homes in Trails of Woods Creek by Pulte Homes

            Trails of Woods Creek

            Community by Pulte Homes

            W Algonquin Road and Frank Road
            Algonquin, IL 60102

            Pulte Homes Read Reviews

            888-394-2517

            from $296,990 - $443,990

            9 homes match your search

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            New Home Cities in Chicago

            CityCommunitiesAverage New Home Price
            Plainfield9$393,908
            Yorkville6$322,938
            Elgin4$425,213
            Naperville3$507,171
            Huntley3$368,906
            South Elgin3$366,347
            McHenry3$350,823
            Aurora3$292,728
            Crystal Lake3$360,279
            Manhattan3$276,609
            Lemont2$401,666
            Hawthorn Woods2$524,492

            New Homes in Chicago by Region

            RegionCommunitiesAverage New Home Price
            Downtown Chicago 67$1,206,000
            North Chicago 10$488,000
            Northwest Chicago 3$477,000
            South Chicago 25$382,000
            Southwest Chicago 108$456,000

            features many of the best home builder communities in Illinois, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the area. In fact, there are 68 communities and 14 builders in with homes starting at under $400K.

            How to Find Homes in For Less Than $400K?

            Many builders recognize there is growing demand in the area for homes under the $400K price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices.